Sopra Steria Group : Sopra Steria punished excessively for its lack of guidance on 2021 and the cyberattack
>Organic growth slightly below our estimate - Yesterday morning Sopra Steria reported Q3 2020 sales of €988m, down 4.9% and 3% below expectations. LFL sales fell 5.9%, 1-1.5pt below expectations. The gap vs our estimate stemmed primarily from IT Services France, which saw a 15% contraction LFL (ODDO BHF estimate: -12% and vs -12.6% in Q2). We had taken into account a deterioration in aeronautics sales (-30% vs -20% in Q2) and ongoing problems in consulting but had un...Sopra Steria Group is a global player in IT services, with operations in consulting, software development, and integration. In addition to France, Co. operates in the United Kingdom, Spain, Italy, Switzerland, Germany, and Belgium, assisting its clients in managing the transformation of their businesses and information systems. Co. divides its operation into three categories: Consulting, Systems and Solutions Integration, and Software Development; which it spreads among eight major verticals: Financial Services, Insurance and Social Welfare, Public Sector, Telecom Operators, Aerospace and Defense, Energy, Transport and Courier Services, and Retail.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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